British pension funds step up fire sales as needed for cash soars

LONDON, Oct 11 (Reuters) – UK pension schemes are racing to raise hundreds of billions of pounds to shore up derivatives positions before the Bank of England calls time on support aimed at keeping them afloat. The Bank of England plans to stop buying bonds on Oct. 14, leaving pension schemes scrambling to meet a … Read more

Bank of England to buy 65 billion pounds of UK bonds to stem rout

Bank of England steps in to buy long-dated bonds 30-year yields tumble by 100 bps after BoE support BoE to buy up to 5 billion pounds of gilts a day until Oct. 14 Gilt sales due to start next week postponed BoE still aims to reduce QE holdings by 80 bln stg LONDON, Sept 28 … Read more

Stocks tumble, dollar soars and bonds plunge as recession fears grow

Dow poised to confirm bear market MSCI All-World index hits 2-year low Dollar reaches new two-decade high Sterling and gilts sell off after UK ‘mini-budget’ NEW YORK/LONDON, Sept 23 (Reuters) – US and European stocks tumbled on Friday, the dollar scaled a 22-year high and bonds sold off again as fears grew that a central … Read more